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Berkshire Hathaway $BRK.B -0.62% agreed to acquire Taylor Morrison Home Corporation in an all-cash deal with a total enterprise value of approximately $8.5 billion, the companies announced Sunday.
The purchase price of $72.50 per share in cash represents a 24% premium over where Taylor Morrison shares closed on May 29, at $58.50. At that price, the equity value of the transaction works out to approximately $6.8 billion. Shares of Taylor Morrison jumped 22% in premarket trading after the announcement, according to CNBC.
For Abel, who stepped into the CEO role at the beginning of 2026 when Buffett transitioned to chairman, the purchase represents an early test of his dealmaking approach, according to Reuters. Buffett told CNBC that Abel handled the deal without his involvement. "Greg did that faster than I could done it, smoother than I could have done it, and I never talked to the CEO," Buffett told CNBC.
"Berkshire is acquiring a best-in-class national homebuilder, led by an exceptional team and backed by a trusted reputation for customer experience," Greg Abel said in a statement. "Over time, we expect to unify our site-built homebuilding operations into a combined platform enabling us to deliver the dream of homeownership to more Americans."
